Direct Plus Loans for Parents

Parent PLUS Loan

PLUS loans are government issued loans for parents whose students do not receive enough other aid to pay their educational expenses. Due to LLCC's affordability, usually fewer than 10 LLCC parents request PLUS loans each year. Most PLUS loans are made to parents whose students come from outside Springfield and must find housing in Springfield.

The first step for a PLUS loan is for students and parents to complete the Free Application for Federal Student Aid (FAFSA). This application is required for all government grants, government-issued Direct Student Loans and Federal Work-Study. Students completing the FAFSA will be awarded all of the grants to which they are entitled and awarded a student loan and work-study upon request and eligibility.

Parents must be credit worthy to be eligible for a PLUS loan. Any potential financial assistance for which a student is eligible will be counted against a parent's PLUS loan eligibility.

If a parent has the need for the Parent PLUS loan, complete the steps below:

  1. Visit the Federal Student Aid website, sign in to Manage my Direct Loan* and complete the:
    • PLUS Loan Application
    • PLUS Loan Master Promissory Note

* PLUS loans are also available to students who have already earned a four-year degree. If given an option in completing the online process, always choose the parent option.